Spandana Sphoorty Financial Limited (SPANDANA) — Board Meeting | 15 July 2026

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📢 Key Event
Board to reconsider merger terms with Criss Financial after full subsidiary acquisition

🔄 What Changed
CFL became wholly owned subsidiary after acquiring non-promoter shares

🔮 What's Next
Draft scheme and definitive documents to be submitted to Merger Steering Committee and Board for approval

💡 Investor Takeaway
The merger process is being restructured following full subsidiary status, potentially affecting future terms and shareholder value.

Spandana Sphoorty Financial announced on July 15, 2026 that its board approved reconsidering the merger terms with Criss Financial Limited after acquiring the remaining shares, making CFL a wholly owned subsidiary. The company will submit a revised scheme to the Merger Steering Committee and board for fresh approval, with draft documents to follow on stock exchanges.

📄 View Original Announcement (PDF)

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About Spandana Sphoorty Financial Limited (SPANDANA)

Financial Services · Finance · Listed on NSE

Market Cap: ₹1,863.92 Cr P/E: -4.0

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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